Solar Panel Cost Guide in Colerain, PA (2024 Update)
- Colerain Solar Installation Cost: $16,331
- 25-Year Savings: $13,514
- Payback Period: 16.2 Years
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Average Cost of Solar Panels in Colerain
Here’s how much it might cost to install solar panels in Colerain.
While the national average of solar panels is $2.66 per watt, solar panels in Colerain generally cost about 4.The average Colerain homeowner needs a 6.6-kilowatt system, which would cost about $16,331 with the federal tax credit, or $23,353 before the 0 tax credit is applied.
The actual price you pay can be above or below the average in Colerain depending on several factors, such as the type of solar panels you choose and the solar installer you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Colerain can save around $15,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Colerain for a quote for your home.
Solar savings over time in Colerain
| Year | Return on Investment |
|---|---|
| 1 years | $-14,986 |
| 3 years | $-12,295 |
| 5 years | $-9,604 |
| 7 years | $-6,912 |
| 9 years | $-4,221 |
| 11 years | $-1,530 |
| 13 years | $1,161 |
| 15 years | $3,852 |
| 17 years | $6,544 |
| 19 years | $9,235 |
| 21 years | $11,926 |
| 23 years | $14,617 |
| 25 years | $17,308 |
Top Solar Installers in Colerain
When switching to solar energy, many homeowners choose to go with a solar company since putting up solar panels yourself can be a time-consuming project. The payback period of solar panels will vary depending on factors like your roof configuration and energy use, but going with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Colerain
Factors that Affect Solar Panel Costs in Colerain
While the average cost of a solar system in Colerain is $16,331, your actual cost may differ. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar energy system in Colerain, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $3,550 for each additional kilowatt you need.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Colerain average.
Solar Financing Terms
Most solar installers in Colerain provide solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Colerain is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different costs.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.69 | $15,506 | $7,541 | 16.8 years |
| 8 kW | $3.62 | $20,278 | $10,452 | 16.5 years |
| 10 kW | $3.55 | $24,850 | $13,562 | 16.2 years |
| 12 kW | $3.48 | $29,224 | $16,871 | 15.8 years |
| 14 kW | $3.41 | $33,398 | $20,378 | 15.5 years |
| 16 kW | $3.34 | $37,374 | $24,085 | 15.2 years |
| 18 kW | $3.27 | $41,152 | $27,990 | 14.9 years |
| 20 kW | $3.19 | $44,730 | $32,094 | 14.6 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Warranty: If you’re worried about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Colerain, PA Solar Cost FAQs
How much does it cost to install solar panels in Colerain?
The average cost of solar panels in Colerain is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Colerain have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future utility bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.